India, Aug. 14 -- Months after raising $140 Mn, HR tech unicorn Darwinbox has bagged $40 Mn (about INR 335 Cr) from Ontario Teachers' Pension Plan's late-stage investment arm Teachers' Venture Growth (TVG). The round was a mix of primary and secondary funding.

In a statement, Darwinbox said that the funding will be used for global expansion, especially in North America, and further investment in AI features for its human capital management (HCM) platform.

Founded in 2015 by Jayant Paleti, Chaitanya Peddi, and Rohit Chennamaneni, Darwinbox provides a cloud-based HCM suite. Its HRMS platform supports essential HR functions, including core HR, payroll, recruitment, performance management, and employee engagement.

The startup claims to ser...